The previously marked resistance zones played out as expected: The first zone gave no sell confirmation and broke, while price reacted and pulled back from near the second resistance.
๐ Liquidation Map Overview
๐ If price drops below $62K, approximately $2.5B in long positions could get liquidated.
โ๏ธ If price pushes toward $72K, around $2.7B in short positions are at risk.
๐ If price reaches resistance and gives confirmation โ look for shorts.
๐ If price taps support zones and confirms strength โ look for longs.
๐ Weโre currently sitting in a zone where liquidity is almost balanced on both sides. However, last nightโs aggressive buying suggests larger players are not willing to easily give up the $62K region ๐คซ.
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๐ Analysis: BTC 4H.
Bitcoin โ 4H Timeframe Update โ๏ธ
The previously marked resistance zones played out as expected:
The first zone gave no sell confirmation and broke, while price reacted and pulled back from near the second resistance.
๐ Liquidation Map Overview
๐ If price drops below $62K, approximately $2.5B in long positions could get liquidated.
โ๏ธ If price pushes toward $72K, around $2.7B in short positions are at risk.
๐ด Resistance:
$70,150 โ $71,200
๐ข Supports:
$65,650 โ $64,650
$62,400 โ $63,300
๐ If price reaches resistance and gives confirmation โ look for shorts.
๐ If price taps support zones and confirms strength โ look for longs.
๐ Weโre currently sitting in a zone where liquidity is almost balanced on both sides.
However, last nightโs aggressive buying suggests larger players are not willing to easily give up the $62K region ๐คซ.
$BTC
{spot}(BTCUSDT)